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  Oracle Fusion Procurement Training  Overview with Real Business Example Let’s take an example of KFC Business. In order to create different varieties of KFC products, they have to buy raw material or ingredients like (Chicken, Sause, bread, Oil). KFC is not going to prepare all these ingredients, instead they will buy it from different sources. When it comes to Supply chain management, this is called Supplier. KFC will look at different supplier’s options to get a good raw material within the budget, schedule and supreme quality. This is what is called Sourcing. Based on the KFC business rules, they will select the suppliers and buy required raw material from them. After they buy a huge quantity of raw material, they will store everything in inventory. When KFC requires any raw material for their outlets, they will get it from the nearby inventory location. This is what is called transferring the goods from inventory locations to outlets. In order to get the best quality and...

  What is ERP? ERP or Enterprise Resource Planning helps in the efficient management of core business processes through intelligent automation. It helps in cost-saving and improving productivity.  ERP can help in the proliferation of businesses of different sizes- be it small-scale startups or large enterprises. Streamlining business processes is a priority, owing to the dynamically changing market demands, cut-throat competition, and modern consumer needs.  ERP tools and applications help in managing and integrating different business processes and implementing resource planning, aligning all operations into a single system.  There are different benefits of implementing ERP in businesses: It helps in business expansion. Redundancies get eliminated. Work gets synchronized. It also helps in improving customer satisfaction. Collaboration and knowledge sharing become better. Productivity improves through a synergized workforce.  What are Oracle ERPs? For data-drive...